0
A budget is how much money you have to spend on certain items. For example a family person can say I am not going to spend over $40 on groceries this month. If the head of household went over $40, then he/she went over their budget.
An account is how much money you have in a bank to pay bills.
Still curious? Ask our experts.
Chat with our AI personalities
FranI've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
DevinI've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
SteveKnowledge is a journey, you know? We'll get there.
Chat with SteveAdd your answer:
Earn +20 ptsQ: What is the difference between a budget and account?
Write your answer...
Submit
Still have questions?
Continue Learning about Accounting
What is the difference between profit and loss account and budget?
Budget is pre-facto and P&L is post-facto. Budget can be defined as projected Income/P&L statement.
What is the difference between budget center and cost center?
Japtj
What is the difference between the two sides of an account called?
Account Balance
What is The Difference between total debits and credits to an account called?
The Account balance.
What is the difference between a fixed budget and a flexible budget?
is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.
Trending Questions
Where is 7-11 pay stubs?
What statement does Accounts payable show?
If you paid no tax can you get a refund?
What is form 1049?
Is cash receipts from interest classified as operating activities or financing activities?
What does it mean if you lose your balance?
What are the basic principles of taxation?
What is a 1934a ten dollar silver certificate worth?
Are treasury stocks a debit or credit?
What is the difference between W-4 and W-2?
How do you file a T4 and W2 together?
How do you calculate property depreciation in india?
How can you check your Dollar General pay stub?
Where do service charges appear and how should they be added or subtracted from you checkbook balance in your checkbook register?
What is the average American water bill?
What is a task sheet in psw?
When do you use a specific valuation allowance?
What is periodic cash flow?
Can you reprint a reciept form Lowe's?
Are federal income taxes deductible for federal corporate income taxes?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.